Institute for Economics and Peace (IEP) reveals the most peaceful countries in the world. Despite living in the most peaceful century in human history, the world has become less peaceful over the last decade.

Stewart Thornhill, ED, Zell Lurie Institute, University of Michigan, visited Global Finance New York office to talk about the difference between entrepreneurial ecosystem in the US and the rest of the world and how cultural issues impact entrepreneurial mindset.

Global Finance Grades The World’s Central Bankers 2015

Advertisement

NEW YORK, August 24, 2015 — Global Finance magazine has named the heads of the Central Banks of the Czech Republic, the European Union, India, Israel, Malaysia, Paraguay, Peru, the Philippines, and Taiwan as the World’s Best Central Bankers over the past year, in recognition of their achievement of a prestigious “A” grade on Global Finance’s Central Banker Report Cards.

In addition, the Central Bankers of Colombia, Saudi Arabia and the United States earned “A-” grades.

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 75 key countries (and the European Union) on an “A” to “F” scale for success in areas such as inflation control, economic growth goals, currency stability and interest rate management. (“A” represents an excellent performance down through “F” for outright failure.) Subjective criteria also apply. This year, 5 central banks are being graded for the first time (Botswana, Iceland, Namibia, Paraguay and Uganda).

Global Finance publisher and editorial director Joseph Giarraputo notes, “Global economies are starting to recover. This comes despite a number of challenges, including a strengthening US dollar and the end of the Federal Reserve’s easy money policy. Central bankers remain crucial in overcoming these hurdles. Sound monetary policies can dampen the effects of currency swings and rising interest rates—and thus spur economic growth. As our scores show, some central banks have fared better than others in devising such policies. Our grades also reflect the willingness of central bankers to stand up to political interference as well as their ability to influence government policies on spending and foreign investment.”

The full Central Banker Report Cards 2015 report will be published in the October issue of Global Finance.

The Central Bankers earning an “A” rating in the Global Finance Central Banker Report Card feature publishing in the October issue are:

Czech Republic

Miroslav Singer

A

European Union

Mario Draghi

A

India

Raghuram Rajan

A

Israel

Karnit Flug

A

Malaysia

Zeti Akhtar Aziz

A

Paraguay

Carlos Fernandez Valdovinos

A

Peru

Julio Velarde Flores

A

Philippines

Amando Tetangco Jr.

A

Taiwan

Fai-Nan Perng

A

The Central Bankers earning an “A-” rating are:

Colombia

José Dario Uribe Escobar

A-

Saudi Arabia

Fahad al-Mubarak

A-

Unites States

Janet Yellen

A-

Full Listing | 2015 Central Banker Report Cards

CENTRAL BANKERS

2015 GRADE

2014 GRADE

The Americas

Argentina

Alejandro Vanoli

D

N/A*

Bolivia

Marcelo Zabalaga Estrada

B+

B

Brazil

Alexandre Tombini

B-

B-

Canada

Stephen Poloz

B-

B

Chile

Rodrigo Vergara

B+

A-

Colombia

José Dario Uribe Escobar

A-

A-

Costa Rica

Olivier Castro Pérez

B

B

Ecuador

Diego Martinez

Too early to say

B-

Guatemala

Julio Roberto Suarez

D

N/A*

Mexico

Agustin Carstens

B+

B

Paraguay

Carlos Fernandez Valdovinos

A

N/A**

Peru

Julio Velarde Flores

A

B+

United States

Janet Yellen

A-

Too early to say

Uruguay

Mario Bergara

B

N/A*

Venezuela

Nelson Merentes

D

D

Europe

Belarus

Pavel V. Kallaur

Too early to say

N/A*

Bulgaria

Dimitar Radev

Too early to say

N/A*

Czech Republic

Miroslav Singer

A

B+

Denmark

Lars Rohde

B+

B+

European Union

Mario Draghi

A

A-

Hungary

György Matolcsy

B

B-

Iceland

Már Guomundsson

B+

N/A**

Norway

Oystein Olsen

B+

B-

Poland

Marek Belka

B

B-

Romania

Mugur Isarescu

B

B

Russia

Elvira Nabiullina

B

B

Sweden

Stefan Ingves

B

B+

Switzerland

Thomas Jordan

B+

A

Turkey

Erdem Basci

C

B-

Ukraine

Valeria O. Gontareva

C

Too early to say

United Kingdom

Mark Carney

B

B-

Asia

Australia

Glenn Stevens

B

B+

Azerbaijan

Elman Rustamov

C

C

Bangladesh

Atiur Rahman

B-

C

China

Zhou Xiaochuan

C

B-

Hong Kong

Norman Chan

B

B

India

Raghuram Rajan

A

A

Indonesia

Agus Martowardojo

B-

B

Japan

Haruhiko Kuroda

B

B+

Kazakhstan

Kairat Kelimbetov

B-

C

Malaysia

Zeti Akhtar Aziz

A

A

New Zealand

Graeme Wheeler

B

B

Pakistan

Ashraf Mahmood Wathra

B-

Too early to say

Philippines

Amando Tetangco Jr.

A

A

Singapore

Ravi Menon

B-

B

South Korea

Lee Ju Yeol

B

Too early to say

Sri Lanka

Arjuna Mahendran

Too early to say

N/A*

Taiwan

Fai-Nan Perng

A

A

Thailand

Veerathai Santiprabhob

Too early to say

N/A*

Uzbekistan

Fayzulla Mullajanov

C-

D

Vietnam

Nguyen Van Binh

B-

B-

Middle East & Africa

Algeria

Mohammed Laksaci

B

B-

Angola

José Pedro de Morais

Too early to say

N/A*

Bahrain

Rasheed Mohammed Al Maraj

B-

B-

Botswana

Linah Mohohlo

B+

N/A**

Egypt

Hisham Ramez

B

B

Ethiopia

Teklewold Atnafu

B+

B-

Ghana

Henry Kofi Wampah

C

C

Iraq

Abdul Basit Turki

C

B-

Israel

Karnit Flug

A

A

Jordan

Ziad Fariz

B+

B

Kenya

Patrick Njoroge

Too early to say

N/A*

Kuwait

Mohammad Yusuf Al-Hashel

B-

B+

Lebanon

Riad Salamé

B+

B

Morocco

Abdellatif Jouahri

B+

B

Namibia

Ipumbu Shiimi

B

N/A**

Nigeria

Godwin Emefiele

C

Too early to say

Oman

Hamood Sangour Al Zadjali

B+

B

Qatar

Abdullah Saud Al-Thani

B+

B

Saudi Arabia

Fahad al-Mubarak

A-

A

South Africa

Lesetja Kganyago

B+

N/A*

Tunisia

Chedly Ayari

B-

B

Uganda

Emmanuel Tumusiime-Mutebile

B

N/A**

United Arab Emirates

Mubarak Rashid Al Mansouri

B

N/A*

* Central Bank governor was graded in 2014, however a different governor held the office.
** New country addition to the Central Bank Report Cards in 2015, therefore no grade was given in 2014.

The unauthorized use of Global Finance Award logos is strictly prohibited.

***When referencing this release, please include a link to GFMag.com and a link to this coverage of these awards as well as the ‘About Global Finance’ paragraph below. Thank you.

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFmag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.